IRIS 4: Ceded UEP or Total UEP
In 2017.F.15 we have to calculate Ceded UEP, and we use the formula
Surplus Aid = = Ceded Commission / Ceded WP * Ceded UEP to non-affiliates
However, in 2018.S.16, the examiner's report uses the whole UEP of $30. Why is there that difference? Why can we assume that UEP is all ceded?
Comments
It looks like an oversight in the 2018.S.16.a solution sample 1. The other samples in the solution calculate the ceded portion of 30 by relating gross UEP/WP ratio to it.
See also footnotes 4a and 4b in the BattleTable for the NAIC.IRIS wiki article:
Thank you!